The Model of Assessing Economic Efficiency of Biometric ATMs

Abstract

The paper considers one of the most important components in the modern banking system, namely the direction related to ensuring the security of customer data. Currently, most countries are switching to non-cash payments. The number of bank cards is rapidly growing, and accordingly the network of automated teller machines (ATMs). Besides, various other devices working with these cards are expanding. The protection of customer funds is the main issue when using bank cards is intensive. Currently, the latest digital technologies are used to protect customer means. In particular, there are smart cards, which provide higher reliability than cards with a magnetic line. In the last few years, the installation of biometric ATMs develops in the area of customer money security. This system allows the issuance of money to the client only when scanning his face. The estimation of economic efficiency of such devices is the essence of this study.